Savings

STATEMENT SAVINGS

Our Statement Savings is an easy way to start saving. Earn a competitive rate of interest with a low opening balance requirement.

$25 minimum opening balance.

Earns interest on days when the account balance is $250 or greater.

YOUTH SAVINGS

Designed for the young investor under 18 years of age. This account pays a premium rate of interest and is perfect for young scholars.

$1 minimum opening balance.

No minimum or average balance requirement.

SWIPE N $AVE

Do you like saving money without even realizing it? Swipe N $ave is a special kind of savings account built with you in mind. This account will help you gradually save by automatically rounding up your purchases and putting the change in your Swipe N $ave savings account. Save for something special like a vacation, that special spa treatment or Christmas.

Paying premium interest rates!

No minimum opening balance

No minimum or average balance requirement

Must have a qualified MFB checking account with debit card(s)

Only amounts rounded up from debit card purchases can be deposited, withdraw your savings at any time.

HEALTH SAVINGS ACCOUNT (HSA)

This is a tax-qualified Health Savings Account for customers with a High Deductible Health Plan (as defined by Internal Revenue Code Section 223). Interest will be credited to the account at the end of the statement cycle in which it is earned. The interest rate is subject to change without notice.

$100 minimum opening balance.

No minimum or average balance requirement.

Earns interest on days when the account balance is $1,000 or greater.

MONEY MARKET DEMAND ACCOUNT (MMDA)

An interest-earning deposit account with limited check writing privileges. This is a high-earning demand deposit account with a variable interest rate. The rate depends on the daily balance in the account. Regulations prohibit more than six withdrawals payable to third parties during any monthly statement cycle. For more details, refer to our MMDA Truth-in-Savings disclosure or ask any member of our staff.

$5,000 minimum opening balance.

No minimum or average balance requirement.

INDIVIDUAL RETIREMENT ACCOUNT (IRA)

To meet the needs of your particular tax situation, we offer both Traditional IRAs and Roth IRAs. We also offer Coverdell Education Savings Accounts (Education IRAs) to help pay for future education expenses for your children and grandchildren.